1 On October 1 the following trial balance was extracted from Zing Store Accounts Payables Accounts Receivables Bad Debt expense Capital Cash at bank Discount Allowed Dr Cr $ S 8410 12400 420 168430 4870 510 730 31300 Discount Received Drawings Electricity charges Furniture and Equipment Cost 20000 Provision for depreciation at 1 October 2018) 7260 Insurance 2050 Inventory 1 October 2018 11420 Purchases 131800 Provision for Doubtful Debts 1 October 2018 530 Rent received 4300 Revenue 214900 Shop Premises Cost 15000 Provision for depreciation 1 October 2018 6000 Wages 39750 410.500 410,500 Table L Additional information at 30 September 2019 Inventory was valued at $13,700 ii. iv. v. vi. Wages were accrued $7201 Insurance was prepaid $390 Rent Received was due $250 Depreciation should be provided as follows: 2 Furniture and equipment 20% per annum using the Reducing Balance Method 6. Shop premises 2% per annum using the straight-line method The provision for doubtful debts should be maintained at 5% of Accounts Receivables Prepare: A. an Income Statement for the year ended 30 September 2019. B. a Statement of Financial Position as at 30 September 2019